Equity BancShares (EQBK) Rating Lowered to Sell at ValuEngine

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ValuEngine lowered shares of Equity BancShares (NASDAQ:EQBK) from a hold rating to a sell rating in a report published on Wednesday.

Several other equities research analysts have also issued reports on EQBK. BidaskClub lowered shares of Equity BancShares from a hold rating to a sell rating in a research note on Tuesday. TheStreet lowered shares of Equity BancShares from a b rating to a c rating in a research note on Wednesday, October 24th. DA Davidson assumed coverage on shares of Equity BancShares in a research note on Tuesday, November 20th. They set a buy rating and a $46.00 target price on the stock. Zacks Investment Research raised shares of Equity BancShares from a hold rating to a buy rating and set a $41.00 target price on the stock in a research note on Thursday, November 15th. Finally, Stephens raised shares of Equity BancShares from an equal rating to a weight rating in a research note on Monday, October 15th. Two investment analysts have rated the stock with a sell rating and four have issued a buy rating to the stock. Equity BancShares presently has an average rating of Hold and a consensus target price of $44.75.

EQBK stock opened at $35.53 on Wednesday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.91 and a current ratio of 0.93. Equity BancShares has a 52-week low of $31.32 and a 52-week high of $44.30. The stock has a market cap of $553.83 million, a PE ratio of 13.86, a PEG ratio of 1.46 and a beta of 0.69.

Equity BancShares (NASDAQ:EQBK) last posted its earnings results on Wednesday, October 17th. The bank reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.07). Equity BancShares had a return on equity of 9.43% and a net margin of 18.38%. The firm had revenue of $38.19 million for the quarter. Sell-side analysts forecast that Equity BancShares will post 2.41 earnings per share for the current fiscal year.

In related news, COO Craig L. Anderson purchased 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 13th. The shares were purchased at an average cost of $40.04 per share, with a total value of $80,080.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, Director Gary C. Allerheiligen purchased 1,000 shares of the firm’s stock in a transaction that occurred on Monday, November 19th. The stock was bought at an average cost of $37.00 per share, for a total transaction of $37,000.00. The disclosure for this purchase can be found here. Corporate insiders own 14.90% of the company’s stock.

A number of institutional investors have recently modified their holdings of the stock. FMR LLC lifted its stake in Equity BancShares by 141.8% in the 3rd quarter. FMR LLC now owns 1,290,059 shares of the bank’s stock valued at $50,648,000 after buying an additional 756,428 shares in the last quarter. BlackRock Inc. lifted its stake in Equity BancShares by 3.7% in the 3rd quarter. BlackRock Inc. now owns 765,971 shares of the bank’s stock valued at $30,073,000 after buying an additional 27,308 shares in the last quarter. Vanguard Group Inc. lifted its stake in Equity BancShares by 2.1% in the 3rd quarter. Vanguard Group Inc. now owns 573,348 shares of the bank’s stock valued at $22,509,000 after buying an additional 11,560 shares in the last quarter. Renaissance Technologies LLC lifted its stake in Equity BancShares by 2.0% in the 3rd quarter. Renaissance Technologies LLC now owns 440,800 shares of the bank’s stock valued at $17,306,000 after buying an additional 8,703 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Equity BancShares by 17.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 426,680 shares of the bank’s stock valued at $16,751,000 after buying an additional 62,006 shares in the last quarter. 61.10% of the stock is currently owned by hedge funds and other institutional investors.

Equity BancShares Company Profile

Equity Bancshares, Inc operates as a bank holding company for Equity Bank that provides a range of financial services primarily to businesses, business owners, and individuals. The company accepts various deposit products, including demand, savings, money market, and time deposits. Its loan products include commercial and industrial, commercial real estate-backed, commercial lines of credit, working capital, term, equipment financing, acquisition, expansion and development, borrowing base, real estate construction loans, homebuilder, agricultural, government guaranteed, and other loans, as well as letters of credit to national and regional companies, restaurant franchisees, hoteliers, real estate developers, manufacturing and industrial companies, agribusiness companies, and other businesses.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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